Matched betting is undoubtedly one of the easiest ways to make money online. However, every matched bettor eventually hits a point where free bets start to run out…
What happens then?
Does that mean your opportunity to earn tax-free profit from sports betting is over? Absolutely not.
The good news is; there are plenty of strategies that remain profitable without relying on free bets. So in this article, I’ll share the techniques that have helped others earn thousands of pounds in profit, even after the free bets dried up. I’ll even show you to make money from your gubbed accounts and keep your matched betting success going strong!
Price Boosts…
Suitable For: Beginners
Price boosts are the natural next step if you want to make money from matched betting without free bets. They occur daily and can be highly profitable promotions to take advantage of in the long term. Let’s take a look at a simple example:
Bet365 have boosted Ian white to win, get 1+ 100+ checkouts and over 1.5 180s. Now don’t worry if you don’t understand what that means (because I don’t either). What is important is that we can lay this selection below the odds of 2/1 (3.0 decimal odds) in order to lock in a profit.
On Betdaq the same selection is offered with lay bet odds of 2.66. Bet365 only allow us to stake a maximum of £20 on this selection but it is still worthwhile. In order to make a profit we simply back on Bet365 at odds of 3.0 and then the bet at 2.66.
Using Oddsmonkey’s matched betting calculator, we can secure a guaranteed profit of £2.55 regardless of the bet’s outcome. This is achieved by laying £22.56 at odds of 2.66 after placing a £20 back bet at odds of 3.0. While £2.55 might not seem significant at first glance, these small gains can rapidly accumulate. For instance, placing 20-30 bets like this over a weekend could earn you an extra £50-£75. Over the course of a month, those consistently small profits can add up to hundreds of extra pounds, showcasing how powerful this approach can be over time.
Arbitrage Betting
Suitable For: Beginners
Next up let’s talk about arbitrage betting.
Arbitrage betting, often called “arbing” is a strategy that takes advantage of differing odds offered by bookmakers or exchanges on the same event. By placing bets on all possible outcomes with different bookmakers, you can lock in a guaranteed profit regardless of the result. This works because the combined odds are structured in a way that ensures a return higher than the total amount staked.
This strategy is very similar to taking advantage of price boosts. My recommendation would be to use this strategy on accounts that do not offer many price boosts and are gubbed (not eligible for promotions.)
Here’s an example of an arbitrage bet identified using Oddsmonkey’s Oddsmatcher tool. AKBets are offering AC Milan at odds of 1.7, while Smarkets have them available to lay at odds of 1.67. By backing at higher odds and laying at shorter odds, you can secure a profit of £1.80 on a £100 bet. While this might seem like a modest gain, Smarkets has over £2000 available, allowing for larger bets and an increased profit to be locked in.
If you are looking at how to make money matched betting with gubbed accounts this is an excellent strategy to consider – just like the next…
2up Promotion
Suitable For: Intermediate Matched Bettors
The 2up promotion, offered by Bet365 and other bookmakers, is a popular betting offer in football markets. It allows you to get an early payout if the team you bet on takes a two-goal lead at any point during the match, regardless of whether they eventually win, lose, or draw.
This is personally one of my favourite promotions that are currently available. Due to the fact that it is low risk but very high reward. Taking advantage of this offer is very simple. We are looking for odds on Bet365 that are close to the lay odds with the betting exchanges. Similar to arbitrage betting we will place back and lay bets to cover all outcomes.
The big additional bonus we have with the 2up offer is that should the team we backed and layed concede a 2 goal lead we will win both bets.
Here is an example of an excellent 2up match. We can risk 0.80p and should Bristol City take a 2 goal lead and then go on to either draw or lose the game both bets would win.
- +£150 would be won with Bet365
- +£99.21 would win on the exchange
- Total of +£249.21 would be made in this scenario
Overall this is why the 2up offer stands out currently as one of the best promotions to focus on, the profit potential from this offer is extremely big for very little risk!
There’s a full guide to 2up matched betting and early payouts here.
Low-Risk Casino Offers
Suitable For: Intermediate Matched Bettors
Matched betting casino offers are a great way to add some additional profit to your pocket. These offers are also known as plus EV (expected value) casino offers, they are promotions that give players a statistically profitable opportunity over time. The term “expected value” refers to the average amount you can expect to win or lose per bet, considering the probabilities of different outcomes. If an offer has a positive expected value (plus EV), it means you are expected to make a profit in the long run.
Casino offers won’t guarantee a profit every time you complete one. However, over the long term, you can make money by flipping the casino’s edge in your favour. By completing a high volume of offers, this advantage becomes significant enough to generate consistent profits over time.
Value Betting
Suitable For: Experienced Matched Bettors
Value betting is a strategy where you place bets on outcomes that have a higher probability of happening than what the bookmaker’s odds suggest. Essentially, the goal is to find situations where the odds are in your favour instead of the house.
One of the easiest ways to value bets is to find odds with the bookmakers that are higher than they are on the betting exchanges. Similar to finding good price boosts and arbitrage bets, the difference with value betting is that we do not place a lay bet. Due to the fact that we don’t lay bets, losing runs do happen, which is why it is only advisable for those who understand variance.
In the long run value betting has shown to be very profitable.
My Conclusion…
We have detailed our favourite strategies for making money from betting without free bets here – and they should definitely be used. There are still plenty of opportunities available after the free bets have dried up. By adding these strategies to your betting arsenal you can increase your yearly profit by thousands of pounds.